Kazakhstan News and Articles

Popular crypto exchange Binance got approval by authorities to provide services in Central Asian country Kazakhstan. An announcement by the exchange says the permanent license identifies Binance as a regulated business with strong compliance and security controls. Binance will be able to offer...

The authorities of Kazakhstan allowed cryptocurrency exchanges to open bank accounts within the framework of the special economic zone. Thus, the government has taken another step toward legalizing the digital asset market. It became known yesterday that Kazakhstan is preparing to allow the...

In May 2022, the CEO of the Binance exchange, Changpeng Zhao, visited Kazakhstan and conferred options for cooperation with the President of the Republic, Kassym-Jomart Tokayev. The crypto company expressed its readiness to help this Asian state in the formation of its own blockchain...

Kazakhstan’s president Kassym-Jomart Tokayev approved a new law that increases taxes on crypto miners based on the consumed electricity and costs. The law defines that the new tax rate is set by the medium rate of electricity used to mine cryptos during a certain tax period. Also, there are...

Kazakhstan is included in the list of the largest bitcoin miners. This country, along with the United States and Russia, has become a place of work for miners who migrated from China in the middle of last year. The President of the Republic, Kassym-Jomart Tokayev, ordered the government to submit...

In May, the head of the National Bank of Kazakhstan, Yerbolat Dossayev, said that testing the digital tenge (CBDC) could begin this year. This week, the Central Bank published a report in which it revealed some details of its concept of a national digital currency. This document states that the...

President of Kazakhstan Kasym-Zhomar Tokayev met with business representatives. The head of the republic expressed dissatisfaction with the fact that miners do not pay taxes to the state budget. He recalled that Kazakhstan ranks second after the United States in terms of the amount of generated...

AFSA (Astana Financial Services Authority), a Kazakhstani regulator, set crypto purchase limits for retail investors. The news was announced by the local media site Kapital.kz. According to the AFSA, the goal of limitations is to protect the interests of retail investors as crypto transactions are...

At the moment, Kazakhstan is on the list of countries with the highest share of bitcoin hashrate. The authorities of this state have previously repeatedly stated their readiness to create conditions for the operation of a cryptocurrency business with enormous potential. At the beginning of this...

China's share in bitcoin hashrate began to decline long before the crackdown on miners began. Currently, the PRC is still ranked first in the ranking of countries in terms of the amount of computing power generated in the bitcoin network. However, the trend for the weakening of the share of the...

Crypto mining businesses in China are considering alternatives after the government banned their activities. A leading cryptocurrency mining enterprise BIT Mining is moving the equipment to Kazakhstan. The first stack consisting of 320 pieces of equipment with a technical total hash rate potential...

A bill defining the legal status of mining and the features of its taxation has been sent to the presidential administration of Kazakhstan for consideration. This was announced during the Blockchain Day conference by Madi Saken, senior legislative coordinator for the Association for the development...